515 May St

Molalla, OR 97038

$448,500
Price
3
Beds
1,492 Sq. Ft.
$301 / Sq. Ft.
1,492
Sq. Ft.
$301
per Sq. Ft.
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Description

Buyer incentive available Seller is willing to contribute towards buyers closing costs and/or rate buy down with acceptable offer. This home has been beautifully updated and refreshed throughout, offering a wonderful blend of modern improvements and timeless charm. A brand-new roof with a transferable warranty provides added peace of mind. Inside, lovely hardwood floors flow through the living room, hallway, and all three bedrooms. A newly installed mini-split system provides efficient heating and...Buyer incentive available Seller is willing to contribute towards buyers closing costs and/or rate buy down with acceptable offer. This home has been beautifully updated and refreshed throughout, offering a wonderful blend of modern improvements and timeless charm. A brand-new roof with a transferable warranty provides added peace of mind. Inside, lovely hardwood floors flow through the living room, hallway, and all three bedrooms. A newly installed mini-split system provides efficient heating and cooling, while each bedroom is also equipped with its own cadet heater for added comfort. The kitchen has been thoughtfully updated with refreshed cabinetry, updated countertops, pantry storage, and classic built-ins with sliding glass doors—perfect for displaying your favorite pieces. The adjacent dining area features a door that opens to the patio and backyard, creating an easy transition for outdoor dining and entertaining. Just off the dining area is a second bathroom with a walk-in shower and access to a spacious laundry room that offers abundant storage and the potential for a small workshop area, adding extra convenience. Both bathrooms have been tastefully updated with new flooring, vanities and lighting. Additional improvements include scraped and refinished ceilings, fresh interior and exterior paint, updated doors, hardware, and trim throughout. The inviting living room features a classic brick hearth with a certified wood stove insert and a large window that fills the space with natural light. Out front, updated siding and a welcoming covered porch finished with tongue-and-groove, recessed lighting and beautifully wrapped posts create standout curb appeal that will draw you in. No HOA's! Don't miss this one!
  1. Listed by Amy Anderson • Equity Oregon Real Estate

Property Details for 515 May Street

Style
Stories1, Ranch
Parking Features
Driveway, Off Street
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 04/14/2026 03:28 PM

Property Details for 515 May Street

StatusActive
MLS #613013643
Days on Market43
Taxes$4,655 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1959
Lot Size0.16 AC / 6,969 SF
CountyClackamas County
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Location

Listing Courtesy of Equity Oregon Real Estate
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Building Information for 515 May Street

Stories1Year Built1959Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$2,646 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,258

Property Taxes

$388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 515 May Street

Summary
Location and General Information
  • Accessibility Features: One Level, Walkin Shower
  • Country: US
  • Directions: Molall Avenue to 5th to May Street
  • Road Surface: Paved
School Information
  • Elementary School: Molalla
  • High School: Molalla
  • Middle Or Junior School: Molalla River
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $4,655.04
  • Parcel Number: 01106528
  • Tax Legal Description: PARTITION PLAT 2009-007 PARCEL 1
Property
Lot Information
  • Acres: 0.16
  • Lot Description: Level
  • Lot Size Square Feet: 6969.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
  • SqFt Source: Prior List
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 1959
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity
  • Heating Description: Mini Split, Wall Heater, Wood Stove
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Wood Siding
  • Exterior Features: Fenced, Patio, Porch, Raised Beds, Tool Shed, Yard
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Window Features: Double Pane Windows, Vinyl Frames
  • Fireplace Description: Insert, Wood Burning
  • Fireplaces Total: 1
  • Interior Features: Hardwood Floors, Luxury Vinyl Plank, Vinyl Floor
  • SqFt Calculated: 1292
  • SqFt Optional Level: Main
  • SqFt Optional Level Total: 200
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 1292
  • SqFt Upper Level Total: 0
  • Bedrooms Total: 3
  • Stories: 1
  • Baths Total: 2.0
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
  • Primary Bedroom SqFt: 156
  • Primary Bedroom Length: 13
  • Primary Bedroom Width: 12
  • Primary Bedroom Features: Builtin Features, Hardwood Floors
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Length: 11
  • Bedroom 2 Width: 11
  • Bedroom 2 Level: Main
  • Bedroom 2 SqFt: 121
  • 2nd Bedroom Features: Hardwood Floors
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Length: 10
  • Bedroom 3 Width: 9
  • Bedroom 3 Level: Main
  • Bedroom 3 SqFt: 90
  • 3rd Bedroom Features: Hardwood Floors
Dining Room
  • Room Description: Dining Room
  • Dining Room Features: Exterior Entry
  • Dining Room Additional Features: Vinyl Floor
  • Dining Room Length: 12
  • Dining Room Width: 12
  • Dining Room Level: Main
  • Dining Room SqFt: 144
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Cooktop, Dishwasher, Double Oven, Pantry, Range Hood, Stainless Steel Appliance, Tile
  • Kitchen Room Features: Builtin Features, Dishwasher, Disposal, Pantry
  • Kitchen Room Additional Features: Double Oven, Vinyl Floor
  • Kitchen RoomLength: 12
  • Kitchen RoomWidth: 11
  • Kitchen Room Level: Main
  • Kitchen Room SqFt: 132
Living Room
  • Room Description: Living Room
  • Living Room Features: Fireplace Insert, Hardwood Floors
  • Living Room Length: 23
  • Living Room Width: 12
  • Living Room Level: Main
  • Living Room SqFt: 276
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 2
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 2.0
  • Bathrooms Full: 2
  • Baths Partial: 0
  • Total Bathrooms: 2
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Additional Room 1
  • Additional Room 1 Description: Laundry
  • Additional Room 1 Length: 19
  • Additional Room 1 Level: Main
  • Additional Room 1 SqFt: 152
  • Additional Room 1 Width: 8
Amenities
Amenities Information
  • Internet Service Type: Fiber Optics
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 1492

Property History for 515 May Street

DateEvent & SourcePriceAppreciation
Jun 6, 2025

Sold (Public Record)

Public Record #1559076734

$278,500

+3.2% / yr

Apr 11, 2016

Sold (Public Record)

Public Record #568382068

$209,000

-1.4% / yr

Oct 4, 2007

Sold (Public Record)

Public Record #227369010

$235,000—
DateEvent & SourcePrice
06/06/2025

Sold (Public Record)

Public Record #1559076734

$278,500

+3.2% / yr

04/11/2016

Sold (Public Record)

Public Record #568382068

$209,000

-1.4% / yr

10/04/2007

Sold (Public Record)

Public Record #227369010

$235,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 May Street

Taxable ValueLand-Additions-Total-
Tax Record2025$4,655 ($388 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,886 SqFtAbove Grade Finished SqFt1,886 SqFtStories1Lot Size6,992 SqFtStyleSingle Family ResidenceYear Built1959ZoningR2CountyCLACKAMASAPN52E16BB00600Fireplace TypeHas Fireplace

Schools near 515 May Street

This home is within Molalla River School District 35.
Rating
School
Type
Grades
Distance
Molalla Elementary School
Public - K to 5
Molalla River Middle School
Public - 6 to 8
Molalla High School
Public - 9 to 12
Dickey Prairie Elementary School
Public - 1 to 5
Rating
School
Distance
Molalla Elementary School
PublicK to 5

Molalla River Middle School
Public6 to 8

Molalla High School
Public9 to 12

Dickey Prairie Elementary School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 515 May Street, Molalla, OR 97038

515 May Street is a single family home for sale in Molalla, OR 97038. This property was listed for sale on March 13, 2026 by Equity Oregon Real Estate, it's currently listed at $448,500. It has been on the market for a total of 43 days and was last sold on June 6, 2025. This listing's school district is Molalla River School District 35. Nearby schools include Molalla Elementary School, Molalla River Middle School and Molalla High School. 515 May Street is a 3-bed, 2-bath, 1,492 sqft single family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Oregon Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/14/2026 03:28 PM